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Late Winter Market

It's not the northeast weather that is keeping the wholesale market in check, it is the overall blanket of slow retail sales at both new and used car retailers!
* Subaru product is the most in demand at auction now, Hyundai another sought after product line.
* Toyota shows increased prices on non-recall units, but not as strong as you might assume... more trouble ahead for the giant retailer?
* The availability (or pure #'s of units) crossing the block is down at auctions overall; and the old economics 101... supply v. demand... is not at work right now.
* As stated last post, large trucks are softening, luxury SUV's firm.
* Honda Civic strong, Buick (yes, Buick) in demand:
2004 LeSabre LIMITED with 44K sells at an astonishing $9900. Compare that to a 58K 2004 Toyota Camry selling at $8900! Go Buick, go.
* It is the economy, stupid. When it is all said, people are not grabbing out for another or new car. We are in a replacement mode at auction- that's it.

Chat soon

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